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they know is wrong. as you know, they talk about the fiscal cliff. some people say it's a slope. somebody said it was a bungi jump. somebody said it was a skate board trip, down and then up and so forth. bottom line, i think, it's no way to govern. it is a giant mistake to have all of this in a pool of ambiguity, and as i understand it now, you would know more. i mean, it truly is a stalemate. they are not talking. >> now, you point out that it's the same player, and, i think, you'll agree player that is matter most are the president, speaker boehner. what do we know about the personal relationship that might illuminate what's going on right now? >> well, they started out last year when they were working on the debt ceiling, and they had what are calledded the merlot and nicorette's meetings. in other words, boehner would have a merlot, and obama would chew nicorette. >> you point outside in the book somehow when they took the official photo, both of those vanished. >> yes. they had iced tea there for obama. of course, boehner had his seg represent, and they put the cigarette in the ashtr
? can we do it in january? >> guest: well, i would argue that there are two pieces to the fiscal cliff in that you have to do amt this year, and you -- because unless you really intend people to pay that additional tax. it would be very hard in the middle of the tax filing system to reverse that decision. now, you are, i think, correct in the second piece of the fiscal cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that year. >> host: we'll go to jeff in tampa, florida, independent caller. >> caller: good morning, how you doing? >> host: good morning, sir. >> caller: yes, i have a question for mr. buckley, and this is more -- it may be a little gene
, and in many respects, it was a situation like today. it wast( the prefiscal cliff or fiscal cliff 1.0 #. the 2001 tax cuts about to expire. senator reid on the floor, the democrats did not want to extend all tax cuts, just some of the tax cuts, and he was trying to create an impression that, at the time, that republicans were obstructing the process and what the democrats wanted to do, but in reallots what reid was trying to do, i believe, was set the agenda and create an environment so that he could win politically and set up after the quote, a rare weekend session in the senate where he had two votes, no republican amendments allowed, and he set this up to show that republicans were obstructionists, and that they would not go along with what he said was good for the country, and this was a public relations ploy designed to shift attention from the democrats inability to come along with what republicans wanted to do, which is fine, their prerogative k to republicans saying we don't want to go along with what the democratsment to do. in short, he was seeking to control the agenda, a
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